The current cryptocurrency market is like a human centipede (those who haven't seen this movie can watch it on an empty stomach). Each link in the industry chain gradually realizes that they are just eating the excrement of the person in front of them, layer by layer. Thus, they suddenly awaken to the fact that since they cannot escape the fate of eating excrement, they should at least eat fresher excrement; if they can't have second-hand excrement, they should at least have fifth-hand excrement. Therefore, when retail investors start to transition into KOLs, when VCs begin to transform into incubators, and when market makers personally get involved in projects.

Please assess for yourselves how many hands of excrement you are eating in this industry?